REG - Great Portland Ests. - GPE secures £8m Fully Managed lettings

Great Portland EstatesAnnouncement

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RNS Number : 8458H  Great Portland Estates PLC  11 June 2026

11 June 2026

 

GPE secures £8.0 million of Fully Managed lettings in strong start to new
financial year

Great Portland Estates plc (GPE) has announced a strong start to the new
financial year, securing 12 new Fully Managed leasing deals totalling over
41,000 sq ft and delivering £8.0 million of annual rent at an average of
£195 per sq ft.

The transactions were completed at an average of 3.7% ahead of March 2026 ERV,
demonstrating continued pricing strength and sustained demand for GPE's
high-quality, flexible workspace offer.

These latest deals build on recent leasing activity across GPE's Fully Managed
portfolio, including the pre-letting of over 13,000 sq ft at Elsley House, W1,
ahead of launch, and continued strong momentum at City Tower, EC2.

Looking ahead, GPE is progressing the next phase of its Fully Managed
pipeline, including The Courtyard, WC1 and The Howlett, W1, both currently
under construction and due for completion in 2027.

Anthony Osho, Head of Flex Customer Relationships at GPE, commented: "Securing
over 41,000 sq ft of lettings ahead of ERV since March, demonstrates both the
strength of demand for our Fully Managed offer and the quality of our customer
relationships. By consistently delivering for our customers, we're driving
repeat business, rental growth and sustained momentum across the portfolio."

 

 Great Portland Estates plc                                                      +44            (0)            20             7647           3000
 Toby Courtauld, Chief Executive
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 Anthony Osho, Head of Flex Customer Relationships

 Yasemin Kiani, Senior Communications Lead

 FGS Global
 James Murgatroyd & Gordon                                                       +44            (0)            20             7251           3801
 Simpson

For further information see www.gpe.co.uk or follow us on X at @GPE_london

LEI Number: 213800JMEDD2Q4N1MC42

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